Desktop Metal(DM)

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Datametrex Announces Upsize of Non-Brokered Private Placements
Accessnewswire· 2025-09-29 11:30
Core Viewpoint - Datametrex AI Limited is seeking approval from the TSX Venture Exchange to increase the amounts of its previously announced non-brokered private placement financings [1] Group 1: Financing Details - The company plans to increase the private placement of common shares from $3,000,000 to $4,000,000 [1] - The financing of subscription receipts will be increased from $1,000,000 to $1,300,000 [1] - The total amount of the offerings will be adjusted accordingly with these increases [1]
Datametrex Provides Financing Update
Accessnewswire· 2025-09-22 20:30
Core Viewpoint - Datametrex AI Limited has confirmed the terms of two private placement financings totaling up to $4,000,000, which includes common shares and subscription receipts priced at $0.08 each [1] Group 1: Financing Details - The company is conducting a non-brokered private placement of up to $3,000,000 of common shares [1] - Additionally, there is a non-brokered private placement of up to $1,000,000 of subscription receipts [1] - Both the common shares and subscription receipts will be priced at $0.08 each [1]
Datametrex Signs LOI To Acquire Yuzu Payment Processing Solution From Firstpayment Inc.
Accessnewswire· 2025-09-15 20:54
TORONTO, ON / ACCESS Newswire / September 15, 2025 / Datametrex AI Limited (the "Company" or "Datametrex'') (TSXV:DM)(FSE:D4G)(OTC PINK:DTMXF) is pleased to announce the signing effective September 15, 2025 of a non-binding of a Letter of Intent ("LOI") to acquire the Yuzu payment processing solution from Firstpayment Inc. ("Firstpayment"), a Montreal-based fintech company, including the related patents and intellectual property (the "Yuzu Payment Solution") in an arm's length transaction. Datametrex has ag ...
曾经430亿市值的明星3D打印公司,破产了
Hu Xiu· 2025-08-11 08:21
这家曾被誉为"制造业颠覆者"、巅峰市值近60亿美元(约合人民币430亿元)的技术先锋,在提交破产 保护时市值已缩水至不足5000万美元。作为曾经在行业内熠熠生辉的明星企业,其陨落之路令人唏嘘, 这背后所反映出的不仅仅是企业自身的问题,更与整个行业的发展态势息息相关。 3D打印行业在过去一段时间经历了投资过热的阶段。随着技术的不断进步和市场对制造业创新的需求 增加,大量资本涌入该行业,推动了众多企业的快速发展,Desktop Metal便是在这一浪潮中崛起的典型 代表。 本文来自微信公众号:投中网 (ID:China-Venture),作者:黎曼,原文标题:《曾经430亿市值的明 星公司,破产了》,题图来自:AI生成 2025年7月28日,一则重磅消息在3D打印行业乃至整个财经领域掀起波澜:金属3D打印机制造商 Desktop Metal根据美国破产法第11章申请破产保护。 一、全球市值最高的3D打印公司 Desktop Metal成立于2015年,总部位于美国马萨诸塞州。其创立有着深厚的技术和行业背景支撑。创始 人团队堪称豪华,包括A123Systems的创始人兼Northbridge Venture Par ...
X @Bloomberg
Bloomberg· 2025-07-28 20:46
Company Status - Desktop Metal, a 3D printer manufacturer, filed for bankruptcy [1] Business Operations - The bankruptcy occurred months after new owners were forced to complete a takeover [1]
After Court Win, Desktop Metal Shareholders Eye Final Payout
Seeking Alpha· 2025-03-26 17:33
Group 1 - Nano Dimension Ltd. is engaged in a contentious M&A transaction to acquire Desktop Metal, Inc. for $5.50 per share, subject to adjustments [1] - Desktop Metal's stock price increased significantly, trading at $4.43 pre-market after a 99% surge the previous day [1] - Bram de Haas, with 15 years of investing experience and a background in managing a Euro hedge fund, is involved in the investment process, leveraging his risk management skills [1]
Nano Dimension Provides Update on the Issuance of its 2024 Annual Report
Newsfilter· 2025-03-21 12:30
Core Viewpoint - Nano Dimension Ltd. plans to release its 2024 Annual Report in April 2025, which will include the fourth quarter and full year results for 2024, pending a court decision related to a lawsuit with Desktop Metal [2][3]. Group 1: Annual Report Details - The 2024 Annual Report will be filed later than usual due to the pending lawsuit's potential impact on material disclosures and the company's business outlook [3]. - The report is expected to be released before the required filing date of April 30, 2025 [3]. Group 2: Company Overview - Nano Dimension provides digital manufacturing solutions across various sectors, including aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, and R&D and academia [4]. - The company offers technologies that enable prototyping and high-mix-low-volume production, emphasizing IP security and sustainable fabrication methods [5].
Desktop Metal(DM) - 2024 Q3 - Quarterly Report
2024-10-31 11:00
Financial Performance - For the three months ended September 30, 2024, the company recognized revenues of $36.4 million, while for the nine months, revenues totaled $115.9 million[154]. - The company incurred net losses of $35.4 million for the three months and $191.0 million for the nine months ended September 30, 2024[154]. - Total revenue for the three months ended September 30, 2024, was $36.4 million, a decrease of $6.4 million, or 15%, compared to $42.8 million in the same period of 2023[177]. - Total revenue for the nine months ended September 30, 2024, was $115.9 million, a decrease of $21.4 million, or 16%, compared to $137.4 million in 2023[193]. - Gross profit for the nine months ended September 30, 2024, was a loss of $31.2 million, compared to a profit of $6.6 million in the same period of 2023, reflecting a decrease of $37.8 million[197]. - GAAP net loss for the three months ended September 30, 2024, was $35.4 million, compared to a net loss of $46.4 million for the same period in 2023[226]. - The company incurred a net loss of $191.0 million for the nine months ended September 30, 2024, compared to a net loss of $148.7 million for the same period in 2023[227]. Cost Management and Initiatives - The 2022 Initiative resulted in $20.7 million in cost savings in the second half of 2022 and achieved $100 million in annualized cost savings in 2023[161]. - The company anticipates at least $50 million in aggregate annualized cost savings from the 2024 Initiative, which includes a global workforce reduction of approximately 20%[163]. - Restructuring charges related to the 2024 Initiative were $1.8 million for the three months and $3.9 million for the nine months ended September 30, 2024[164]. - The company expects total pre-tax restructuring charges of $82.1 million to $82.5 million under the Photopolymer Initiative, including $80.3 million in incremental depreciation and amortization[166]. Revenue Breakdown - Products revenue decreased by $5.6 million, or 15%, to $31.9 million, primarily due to a reduction in units shipped driven by macroeconomic conditions[178]. - Services revenue also decreased by $0.8 million, or 15%, to $4.5 million during the same period[178]. - Products revenue for the nine months ended September 30, 2024, decreased by $22.6 million, or 19%, to $98.9 million, while services revenue increased by $1.2 million, or 8%, to $17.0 million[193]. - Revenue from the Americas decreased by 14% to $75.8 million, while EMEA and APAC revenues fell by 22% and 10%, respectively[194]. Operating Expenses - Total cost of sales for the three months ended September 30, 2024, was $33.2 million, a decrease of $7.6 million, or 19%, compared to $40.8 million in 2023[181]. - Total cost of sales increased by 13% to $147.2 million, driven by incremental amortization related to the Photopolymer Initiative[195]. - Research and development expenses decreased by $9.0 million, or 44%, to $11.5 million for the three months ended September 30, 2024, compared to $20.5 million in 2023[186]. - Sales and marketing expenses increased by 57% to $45.0 million, driven by amortization related to the Photopolymer Initiative[201]. - General and administrative expenses increased by $7.8 million, or 82%, to $17.3 million for the three months ended September 30, 2024, compared to $9.5 million in 2023[188]. - General and administrative expenses rose by 18% to $59.7 million, influenced by incremental amortization and depreciation from the Photopolymer Initiative[202]. Cash Flow and Liquidity - Cash used in operating activities during the nine months ended September 30, 2024, was $53.4 million, with cash and cash equivalents at $30.6 million and current liabilities at $61.2 million[154]. - Cash and cash equivalents as of September 30, 2024, totaled $30.6 million, primarily invested in money market funds and fixed income instruments[228]. - The company has lease payment obligations of $26.6 million as of September 30, 2024, with $7.9 million payable within the next 12 months[231]. - A multi-draw term loan credit facility of up to $20.0 million is available to the company starting January 7, 2025, subject to certain conditions[229]. - Net cash used in operating activities was $53.4 million for the nine months ended September 30, 2024, consisting of $191.0 million in net losses, adjusted for non-cash items[238]. Legal Matters - Desktop Metal faced multiple legal challenges, including a dismissed Consolidated Complaint related to alleged securities violations, with the court ruling in favor of the defendants on September 21, 2023[259]. - A new complaint was filed on August 12, 2024, alleging omissions in the Preliminary Proxy Statement regarding the Nano Merger, but was voluntarily dismissed by the plaintiff on August 16, 2024[260]. - Additional complaints were filed in September 2024, alleging negligent misrepresentation and disclosure deficiencies in the Definitive Proxy Statement[260]. - Two stockholders filed actions in Delaware seeking records related to the Nano Merger under Section 220 of the Delaware General Corporations Code[261]. - Desktop Metal believes all complaints are without merit and intends to defend against them vigorously[261].
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on October 2, 2024, of Desktop Metal, Inc. - DM
Prnewswire· 2024-08-29 19:12
Group 1 - Monteverde & Associates PC is investigating Desktop Metal, Inc. regarding its proposed merger with Nano Dimension Ltd, where Desktop Metal shareholders will receive $5.50 in cash per share [1] - The shareholder vote for the merger is scheduled for October 2, 2024 [2] - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating its successful track record in recovering money for shareholders [1][2] Group 2 - The firm operates from the Empire State Building in New York City and has a national presence in class action securities litigation [2] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, reinforcing its commitment to shareholder rights [3]
Desktop Metal(DM) - 2024 Q2 - Earnings Call Transcript
2024-07-31 14:40
Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2024 was $38.9 million, down from $53.3 million in Q2 2023, primarily due to weaker hardware sales [33] - Non-GAAP gross margins decreased to 29.2% in Q2 2024 from 31% in the prior year, reflecting lower revenue and cost absorption [34] - Non-GAAP operating expenses were $27.0 million in Q2 2024, reduced by $1.6 million sequentially and by $7.7 million year-over-year, showing improvements of 5.6% and 22.2% respectively [35] - Adjusted EBITDA for Q2 2024 was negative $13.2 million, an improvement of $1.8 million compared to Q2 2023 [35] - The company closed Q2 with $46.7 million in cash, with elevated outflows due to deal-related expenses [36] Business Line Data and Key Metrics Changes - Weaker hardware sales were the main contributor to the decline in revenue, while consumables and services remained roughly flat year-on-year [33] Market Data and Key Metrics Changes - The additive manufacturing industry has faced significant challenges, with many public companies in the sector experiencing declines in value and profitability [14][15] - Four publicly traded companies in the additive manufacturing space have failed or been delisted in the last two quarters due to deteriorating market conditions [15] Company Strategy and Development Direction - The proposed merger with Nano Dimension is seen as a strategic move to strengthen the company's competitive position and create long-term shareholder value [18] - The merger aims to establish a leader in the additive manufacturing space by combining complementary product portfolios and technologies [19] - The company believes that the merger will accelerate the industry's transition into mass production and create a well-capitalized entity to support customers [21][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging business environment due to rising interest rates and slowing capital expenditure budgets, which have pressured the financial position [12] - There is a belief that remaining a standalone company with a constrained balance sheet is not a viable long-term strategy [12] - Management expressed confidence that the merger with Nano Dimension represents the best option for stakeholders amid a difficult market [29] Other Important Information - The company has reduced non-GAAP operating expenses by 48% since Q1 2022, while also improving gross margins [10] - The company is no longer providing guidance for the remainder of 2024 due to the pending acquisition [36] Q&A Session Summary Question: Challenges in closing deals - Management noted that customers were hesitant to engage due to the company's financial position, impacting deal closures [38] Question: Cash burn and future focus - Elevated cash burn in Q2 was partly due to deal-related expenses, and there will be an increased focus on managing cash burn in the upcoming quarters [40]